US Economy Faces Pessimism as Tariffs Drive Up Costs, Says Fed
The US Federal Reserve reports a cautious economic outlook as tariffs raise costs and uncertainty grows, potentially leading to higher consumer prices and impacting employment decisions.
Inflation
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China’s Inflation Edges Up: CPI Rises 0.1% in June
China’s consumer price index (CPI) increased by 0.1% in June year-on-year, indicating a slight rise in consumer prices across the Chinese mainland, according to official data.
US Economy Faces Complex Challenges Amid Trade Shocks and Geopolitical Risks
The US economy faces challenges from supply shocks, tariffs, and geopolitical risks, leading to a GDP decrease and rising inflation concerns.
Food Insecurity Soars in the U.S., Millions Struggle to Eat
Food insecurity is rising in the U.S., with nearly 50 million people struggling to get enough to eat due to inflation and cuts in food assistance programs.
Fed Holds Interest Rates Steady Amid Global Uncertainties
Amid growing global uncertainties, the U.S. Federal Reserve has decided to keep its key interest rate unchanged, citing concerns over potential inflation due to trade tensions and Middle East conflicts.
US Tariff Policies Could Push Inflation Higher, Economists Warn
Economists warn that U.S. tariff policies could drive up inflation, leading to higher costs for consumers and businesses.
U.S. Stocks Dip as Investors Weigh Inflation and Trade Talks
U.S. stocks closed lower as investors reacted to softer-than-expected inflation data and weighed the outcome of China-U.S. trade talks.
China’s Inflation Dips in May Amid Falling Energy Prices
China’s consumer prices dipped by 0.1% in May due to falling energy costs, while producer prices declined even more. The shifts reflect changes in global oil prices and seasonal demand.
China’s Inflation Slightly Falls: CPI Drops 0.1% in May
China’s consumer price index (CPI) dipped 0.1% in May, marking a slight decrease in inflation. What does this mean for China’s economy and the global market?
Eurozone Inflation Plummets to 1.9%, Lowest in Years
Inflation in the eurozone has dropped sharply to 1.9% in May, marking its lowest level since September 2021, thanks to a slowdown in services sector prices.